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Jes Staley
James Edward "Jes" Staley (born December 27, 1956) is an American banker and the former group chief executive of Barclays. He spent 34 years at J.P. Morgan's investment bank. After moving to BlueMountain Capital in 2013, Staley became CEO of Barclays in December 2015.
In November 2021, Staley resigned amid a regulatory probe into whether he mischaracterized his relationship with the financier, human trafficker and sex offender Jeffrey Epstein. According to The New York Times, Staley was Epstein's "chief defender" at J.P. Morgan, helping Epstein maintain accounts at the firm amid internal concerns that Epstein was using the accounts for illicit activities. Staley also divulged confidential financial information to Epstein.
Epstein named Staley one of the trustees of his estate.
Staley was born on December 27, 1956 in Boston, Massachusetts. His father, Paul R. Staley, was president and CEO of PQ Corporation, a chemicals company, who eventually settled the family outside of Philadelphia, Pennsylvania. His grandfather, Edward Staley, was the top executive of W. T. Grant at the time when the merchandiser filed for bankruptcy in 1976. His brother, Peter Staley, is an AIDS activist. His maternal grandfather James Rhyne Killian was the president of Massachusetts Institute of Technology from 1948 until 1959.
Staley graduated cum laude from Bowdoin College with a degree in economics.
In 1979, after graduation, Staley joined Morgan Guaranty Trust Co. of New York City. From 1980 to 1989, he worked in the bank's Latin America division, where he was head of corporate finance for Brazil and general manager of the company's Brazilian brokerage firm.
In the early 1990s, Staley became one of the founding members of J.P. Morgan's equities business and ran the Equity Capital Market and Syndicate groups.
In 2001, he was promoted to CEO of J.P. Morgan Asset Management and ran the division until 2009. During his tenure, J.P. Morgan Asset Management's client assets expanded from $605 billion to nearly $1.3 trillion.
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Jes Staley
James Edward "Jes" Staley (born December 27, 1956) is an American banker and the former group chief executive of Barclays. He spent 34 years at J.P. Morgan's investment bank. After moving to BlueMountain Capital in 2013, Staley became CEO of Barclays in December 2015.
In November 2021, Staley resigned amid a regulatory probe into whether he mischaracterized his relationship with the financier, human trafficker and sex offender Jeffrey Epstein. According to The New York Times, Staley was Epstein's "chief defender" at J.P. Morgan, helping Epstein maintain accounts at the firm amid internal concerns that Epstein was using the accounts for illicit activities. Staley also divulged confidential financial information to Epstein.
Epstein named Staley one of the trustees of his estate.
Staley was born on December 27, 1956 in Boston, Massachusetts. His father, Paul R. Staley, was president and CEO of PQ Corporation, a chemicals company, who eventually settled the family outside of Philadelphia, Pennsylvania. His grandfather, Edward Staley, was the top executive of W. T. Grant at the time when the merchandiser filed for bankruptcy in 1976. His brother, Peter Staley, is an AIDS activist. His maternal grandfather James Rhyne Killian was the president of Massachusetts Institute of Technology from 1948 until 1959.
Staley graduated cum laude from Bowdoin College with a degree in economics.
In 1979, after graduation, Staley joined Morgan Guaranty Trust Co. of New York City. From 1980 to 1989, he worked in the bank's Latin America division, where he was head of corporate finance for Brazil and general manager of the company's Brazilian brokerage firm.
In the early 1990s, Staley became one of the founding members of J.P. Morgan's equities business and ran the Equity Capital Market and Syndicate groups.
In 2001, he was promoted to CEO of J.P. Morgan Asset Management and ran the division until 2009. During his tenure, J.P. Morgan Asset Management's client assets expanded from $605 billion to nearly $1.3 trillion.
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